The impact of rural road investment on socio-economic development
Rural roads infrastructure India a specific area of concern, as the development of such infrastructure has been neglected to a large extent in the past, thereby imposing significant limitations on growth and development of rural communities. An increased interest in rural roads investment potential has developed in recent years. This is mainly due to the need for development of rural as well as the positive impact that road investment could generate on rural communities, should they have an adequate support roads infrastructure network that is sustained over the long term.
It is however a complex task to establish the impact of especially rural road investments, as the benefits received through this investment are difficult to quantify. The impact of road investments on socio-economic development and economic growth is also an important indicator for the justification of the considerable costs involved.
The aim of this paper is to discuss the impact of rural road investment on socio-economic development. The paper also indicates the benefits of rural road investments as well as the type of mechanisms used in practice to estimate its impact.